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Using Impact of Rate Hike Expectations and Consumer Confidence Dear Ziilllaatraders, Impact of Rate Hike Expectations: When there is a strong anticipation of an increase in interest rates by the central bank, the U.S. Federal Reserve, it tends to have significant effects on the gold-dollar correlation. This is because higher interest rates can make the U.S. dollar more attractive to investors, leading to an increased demand for the currency. a. Strengthening Dollar: Higher interest rates usually result in a stronger U.S. dollar. As a result, investors tend to shift their funds into the dollar, perceiving it as a safer and more stable asset compared to gold during times of higher interest rates. b. Reduced Gold Demand: Gold, being a non-interest-bearing asset, faces a decline in demand when interest rates rise. Investors prefer to invest in assets with higher yields, such as bonds or other interest-bearing securities, making gold less appealing in a rising rate environment. Influence of Consumer Confidence: Consumer confidence is a crucial indicator of economic health and can significantly impact the behavior of investors and their preference for assets like gold. a. Positive Consumer Confidence: When consumer confidence is high, it indicates a positive outlook on the economy. In such scenarios, investors are more likely to seek riskier assets, like equities, which can potentially offer higher returns. As a result, the demand for safe-haven assets like gold diminishes, causing a decline in its price. b. Economic Growth Prospects: High consumer confidence often aligns with positive economic growth expectations. A strong economy tends to bolster the U.S. dollar's value, as investors perceive the country as having robust economic prospects, further reducing the appeal of gold. Conclusion: The correlation between gold and the U.S. dollar is complex and influenced by multiple factors. Expectations of higher interest rates and positive consumer confidence can lead to a strengthening U.S. dollar and reduced demand for gold, resulting in a decline in the price of gold. Investors should carefully consider these factors when forecasting the direction of the gold market, as shifts in rate expectations and consumer sentiment can have a substantial impact on the precious metal's value. PS: The upfollowing GDP news suggest something else so we got to stay alert Greetings, Ziilllaatrades
OANDA:XAUUSDShort
by ZILATRADES
5
Gold trading idea for the next weekend Gold is at key level as respect their 1983 Supply zone and price rejected till 1959 and started growing's up to break the 1983 level the overall trend in buy so you can find buy setup which give respect to your plan. The possible moves are under; 1. If found some strong evidence on 1960 rejections then open buy positions with proper money managements, but make sure you see any rejections and confirmations candle. 2. 1948 zone also marked as smart demand zone and support from where last time market pump up. 3. 1940 zone also marked the major demand zone and you will get prefect entry with high reward setup. Note: The overall trend in buy so you can open up the buy positions and make sure to strong your physiology and control the emotions.
OANDA:XAUUSD
by Bloom_Forex_Official
AUD/JPYPrice is in a downward trend in 1 H time frame .. any up in price is a chance to enter the trend.. now is an excellent opportunity. Although it's in the middle of a trend, and I usually don't enter in the middle. Still, this one is a low risk .. with risk management, you can join it now .. and follow it down to wherever it goes .. remember to stop-trail .. and remember this marker is all about probability. There's no one, I mean NO ONE, who can predict the market and say with 100% confidence about a situation .. you need to learn this fact. Ps . Leave your comment and thoughts. May all your pockets fill with green money.
Short
by Cryptosours
Third-wave done | Correction wave aheadDaily chart Last my post about GOLD ( OANDA:XAUUSD ) reminded Reversal Pattern and it's completed. Detail: GOLD has broken up and out the neckline to complete the third wave at 1963.735 and it's happening fourth-wave I expect GOLD will down to around 1950 I marked it on chart 4H below Chart 4H TF Gold's in Ascending Channel and done second-wave what's sharp correction wave and fourth-wave I think it will be a combo correction wave based on Elliott Wave theory. Wait and see next move. I'll update
OANDA:XAUUSDShort
by trieutv